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On July 1, 2016, Magellan Health, Inc. closed its previously announced $117.5 million cash acquisition of Armed Forces Services Corporation (AFSC). Armed Forces Services Corporation will operate as a wholly-owned subsidiary of Magellan Healthcare. Magellan will provide clinical expertise to AFSC’s provider networks within the military and other federal agencies. A key focus will be suicide prevention and post-traumatic stress disorder (PTSD) treatment. Magellan will assume AFSC’s approximately 60 contracts with the federal government, including the military. Magellan plans to pair its clinical expertise in behavioral health, wellness, and integrated care offerings and services with . . .
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